Published • loading... • Updated
Home prices fall in most major US cities as housing market cools: See where
Realtor.com said nationwide price per square foot fell 1.8% from a year earlier, with declines in 36 of the 50 largest metros.
- A Realtor.com analysis found the median listing price per square foot fell 1.8% nationwide in August, marking the 10th consecutive month of annual declines across the nation's 50 largest metro areas.
- Realtor.com senior economist Jake Krimmel said 2020-22 "boomtowns" are giving back pandemic-era gains as sellers adjust prices to attract buyers facing high mortgage rates and affordability challenges.
- The steepest declines were recorded in Austin, down 8.1%, followed by Tampa, down 5.6%, and Memphis, down 4.1%, as pandemic-boom markets adjust to new conditions.
- San Francisco's median listing price fell 3.9%, yet active listings dropped 16.3% in July and the median price remained high at $908,700, signaling sustained market competition.
- Contrasting the broader decline, prices rose in Providence, Rhode Island, at 9.3%, followed by Indianapolis at 4.4% and Chicago at 3.6%, demonstrating resilience in select markets.
Insights by Ground AI
17 Articles
17 Articles
Statesman Journal+2 Reposted by 2 other sources
Home prices are falling fastest in these cities. See the list
Home prices are falling fastest in several U.S. metro areas as high mortgage rates, rising inventory and shifting buyer demand reshape the housing market.
·Salem, United States
Read Full Article
Coverage Details
Total News Sources17
Leaning Left2Leaning Right0Center14Last UpdatedBias Distribution87% Center
Bias Distribution
- 87% of the sources are Center
87% Center
13%
C 87%
Factuality
To view factuality data please Upgrade to Premium
